per bottle. Greene anticipates needing 243,000 bottles each year for the next few years. Read the requirements. Requirement 1a. What is the average cost of manufacturing a drink bottle in 2020? How does it compare to Beecher's offer? The average cost of per bottle is than Beecher's offer. Requirement 1b. Can Greene use the answer in requirement 1a to determine the cost of manufacturing 243,000 drink bottles? Explain. Greene take the average manufacturing cost in 2020 to determine the total cost of manufacturing 243,000 drink bottles. The reason is that manufacture 243,000 drink bottles. How much more or less costly is it to manufacture the bottles rather than to acquire them from Beecher? Estimate how much it would cost Greene to manufacture 243,000 drink bottles, then calculate the cost to purchase the bottles. Estimated cost to make the bottles Cost to purchase the bottles It will cost to purchase the bottles rather than manufacture them in-house. Requirement 3. What other information would you need to be confident that the equation in requirement 2 accurately predicts the cost of manufacturing drink bottles? (Select all that apply.) A. How good is the goodness of fit? That is, how well does the estimated line fit the data? B. Does the slope of the regression line indicate that a strong relationship exists between manufacturing costs and the number of drink bottles produced? C. Can Greene's competitors manufacture drink bottles at a cost less than Greene? D. Is the relationship between total manufacturing costs and quantity of drink bottles economically plausible? 1. a. What is the average cost of manufacturing a drink bottle in 2020 ? How does it compare to Beecher's offer? b. Can Greene use the answer in requirement 1a to determine the cost of manufacturing 243,000 drink bottles? Explain. 2. Greene's cost analyst uses annual data from past years to estimate the following regression equation with total manufacturing costs of the drink bottle as the dependent variable and drink bottles produced as the independent variable: y=$445,000+$1.00X During the years used to estimate the regression equation, the production of drink bottles varied from 218,000 to 253,000 . Using this equation, estimate how much it would cost Greene to manufacture 243,000 drink bottles. How much more or less costly is it to manufacture the bottles rather than to acquire them from Beecher? 3. What other information would you need to be confident that the equation in requirement 2 accurately predicts the cost of manufacturing drink bottles